Financing a Home Purchase Questions

What is a FICO score and how does it effect me Your credit score is used to determine credit worthiness and credit preference. You can find out much more on credit here.   How are prequalifying and pre-approval different? Pre-qualification is an informal way to see how much you may be able to borrow. You can be 'pre-qualified' over the phone with no paperwork. You tell a lender your income, your long-term debt, and how much down payment you will use. Without any comitment you can arrive at an approximation of how much home you can afford. Pre approval is a lender's actual commitment to lend to you. It involves assembling the financial records and going through a preliminary approval process. Pre-approval shows potential sellers that you are definitely qualified to purchase and that you are a serious buyer.   How can I find out information about my credit history? There are three major credit reporting companies:

We take the home buying process as seriously as our home buyers do, therefore we offer nothing but the highest quality of service to our clients. When you decide to purchase your home, make sure you hire someone whom you can trust and someone who wants to earn your business. Buying your home is one of the most important purchases you will make, so make sure you have the right agent who can provide you with the experience and the service you deserve.

When you understand current market conditions, you are better able to position yourself as a Seller. It is important to know the market conditions are we in a Seller's, Buyer's or Balanced market especially when setting a market price. In a Buyer's market competition is fierce and abundant. Buyers have more than plenty of choices which gives them much moreroom to negotiate, this could force you to be more competitive when setting your price.

Here are some of the steps I will take to find your perfect home:

1. Determine Your Wants and Needs
   This is the single most important step. By asking you a series of questions I will establish what you are looking for. My goal is to not waste your time by looking at properties that are not in your price range or homes that don't meet you needs. Throughout the buying process I will maintain your confidentiality and represent your best interests.
2. Help You Get Pre-Qualified
   This step will show you how much you can afford.  One of our team of mortgage professionals will help you determine what monthly payment will be comfortable for you.
3. Home Shopping
   We will use every available method to locate a property that matches your search parameters.  This will include properties listed with our office, offered through other real estate companies, as well as unlisted properties.  We will disclose all known facts about the property that are likely to affect your decision. When we find the home that meets your criteria, I will assist you in writing an offer and act as a liaison between you and the seller.
   
   Special Service Areas
   Today there are a vast array of hidden fees and charges that you need to be aware of. One of the most frequent of these are the SAAs or SSAs we have the experience and knowledge to show you the advantages and disadvantages of all of the current real estate faux paux that exist.

Return to top of page